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True. Until the entire thing blows up and you're left with a fat goose egg in your account. That's the reason you're getting the 10% or whatever. People think it's free money when in reality it's the riskiest "investment" they could ever make. PDI. That's not riskless but it has a 10 year track record and it's currently paying 10.5% with upside. To each his own.Quote:
Originally Posted by NaturalBornHustler
Quote:
Originally Posted by Pooh
You could literally dump almost any amount of money on a variety of exchanges and get .6 to .8 monthly staking % never buying a single thing. Just having it sit there.
You will never be left with a goose egg, the money isn't being used for anything but staking. The principal is always there. And I doubt these major exchanges are going to go BK and lose every penny of everyone's money by collapsing. You are in fact paid out the return in alt coins, so that "could" theoretically go to zero. But again we are talking something catastrophic for that to happen. But you could keep selling the returns periodically and pull that money off the table as you go to hedge against anything crazy happening.Quote:
Originally Posted by PoohTrue. Until the entire thing blows up and you're left with a fat goose egg in your account. That's the reason you're getting the 10% or whatever. People think it's free money when in reality it's the riskiest "investment" they could ever make. PDI. That's not riskless but it has a 10 year track record and it's currently paying 10.5% with upside. To each his own.Quote:
Originally Posted by NaturalBornHustler
Quote:
Originally Posted by NaturalBornHustler
lmao. goddamned dude.
Good news guys I've found a crypto currency which was literally unaffected by the recent crash this week.
There will be an awful lot of unneeded computer mining hardware on Ebay in 2023.
Quote:
Originally Posted by Sanlmar
based on the tonights open i expect we might see a day or two of green before the bears come for our genitals again.
More collapses again this morning.
Eth showing some grit in contrastQuote:
Originally Posted by BetCheckBet
I could not have been more wrong. YikesQuote:
Originally Posted by SanlmarEth showing some grit in contrastQuote:
Originally Posted by BetCheckBet
Stock market falling right in line.
Most Tech now 20%+ down from its peak. TSLA down over 30% below $900.
Seems to be happening under the radar in the media.
Paper net worth’s are being crushed.
For ETH....
Did the same in May of last year. Started to recover then dipped lower in July. 4 months later ATH.
Can't imagine the liquidations for anyone leveraged. I feel massive pain and just lost the paper gains from last year.
Yeah I think the people talking about the crash down to 30 are probably correct.
Another kermiting this morning, albeit less of one than the other recent crashes.
Quote:
Originally Posted by simpdog
I wouldn't suggest going allin....but to me it's a mistake if you're not at least grabbing a little bit.
Quote:
Originally Posted by sonatineQuote:
Originally Posted by Sanlmar
based on the tonights open i expect we might see a day or two of green before the bears come for our genitals again.
dont get too excited, i think this is mostly shorts closing out positions. im guessing the pressure returns shortly.
I see it going under 28 k
If Bitcoin rises to $100K, Micon is going to laugh his ass off.
https://pbs.twimg.com/profile_images...Ro_400x400.jpg
Quote:
Originally Posted by sonatineQuote:
Originally Posted by sonatine
dont get too excited, i think this is mostly shorts closing out positions. im guessing the pressure returns shortly.
https://i.imgur.com/3q8ndLv.png
thoughts and prayers for dip buyers.
I think today scared the piss outta the Fed. Things were gonna be said and they elected not to in light of well, you know
but ya, dead cat bounce for a bit
Big bounce back to 38k
Gotta say I didn't expect this. Shows how unpredictable it is.Quote:
Originally Posted by BetCheckBet
It looked like it was on a march down to 30k, and then suddenly it reversed course at 33 and is suddenly back to 38.
ahhh im sure everything will work out splendidly in magic ponzicoin land.
or not.
https://www.coincenter.org/new-bill-...-at-exchanges/
Sitting just shy of 37k as I type this.. Honestly the US spending of trillions and the Feds rate hikes are whats gonna drive BTC up in 2022.. I know one person already said it but there at least a decent shot it does make it to 100k before end of 2022.. Inflation pressures alone are gonna drive all the decent cryptos up likely.Quote:
Originally Posted by Dan DruffGotta say I didn't expect this. Shows how unpredictable it is.Quote:
Originally Posted by BetCheckBet
It looked like it was on a march down to 30k, and then suddenly it reversed course at 33 and is suddenly back to 38.
This was the Libertarian fever dream. Instead, the banks own most of them and they rise and fall with everything else now. Back to gold for the it’s all going to fall apart guys now. It’s been relatively stable in comparison.Quote:
Originally Posted by ftpjesusSitting just shy of 37k as I type this.. Honestly the US spending of trillions and the Feds rate hikes are whats gonna drive BTC up in 2022.. I know one person already said it but there at least a decent shot it does make it to 100k before end of 2022.. Inflation pressures alone are gonna drive all the decent cryptos up likely.Quote:
Originally Posted by Dan Druff
woops, i meant https://mountainx.com/news/community...ears_in_priso/
anyway.
big news!
both candidates for gov of texas has decided to push for bitcoin being made legal tender.
so all of you who think that being on the same side of an argument as the gov of texas, your bitcoin ship has come in. bon voyage.
because the guy who shilled safemoon to the world after unloading his old bitcoin hoard at 12k is surely due for a big win.
Those crazy kids at the Treasury. Ready for the digital dollar? CBDC
US Unveils Bill Giving Treasury Secretary ‘Unchecked And Unilateral Power’ To Ban Crypto Transactions
https://znaq.org/us-unveils-bill-giv...-bitcoin-news/
Not the best citation but a little back door shit in the America Competes Act to do Patriot Act (Bush 9/11) type bullshit under the guise of money laundering and terrorismQuote:
America COMPETES Act of 2022, Coin Center, Congress, crypto provision, cryptocurrency provision, Janet Yellen, Jerry Brito, Jim Himes, power to ban, Privacy, prohibit crypto transactions, special measures provision, Treasury Secretary
Someone here can prolly do better with this story. Bitcoin.com had a story last night…. Can’t find it.
AMZN smashes up $450 after hours ….. lol
Prime membership gonna cost more
Edit
Pretty crummy report if you ask me. Squeeze the bears jace.
Bezos and Musk pushing paper on the /WSB stonks go up kids then lather up with SPF30 on their yachts.
I know you’re gonna cancel Prime so I’ll lend you my pASsWord so you can watch Marvelous Mrs Maisel
Speaking of women comics…. CNBC favorite Cathie Wood @ Ark is killing herself. Dumps Twitter to buy square/block and that literally drilled for oil. Cramerica folks
Turn on your server jace this is fun again
Lol, Tuttle Capital SARK is an inverse of your generation’s jesus investor Cathie Wood jace. My kid is gonna be a waitress at Denny’s. I keep telling her this party is not forever.
Learn a trade Sonatine while there is time
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Originally Posted by Sanlmar
ill explain what happened over there and why it will be down 10% by the time pre-market ends.
Crypto haterz where you at?
Quote:
Originally Posted by simpdog
America Competes Bill
The Metaverse Finally Has a Killer App: Poker
Decentraland is buoyed by casinos where players gamble for a chance at crypto wealth.
https://www.bloomberg.com/news/artic...r-crypto-poker
https://assets.bwbx.io/images/users/...v1/1000x-1.jpg
illegal gambling in the metaverse.
What could possibly go wrong?
simpdog is the best!! Not only is he legendary in the sports betting thread this recommendation was made when BTC was around $33,000.Quote:
Originally Posted by simpdog